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Published 11 months ago

Florida now has the highest inflation rate in the US.

  • Florida has become the inflation hotspot of the country due to sky-high housing costs. The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of all U.S. Metro areas with a 9% inflation rate, while the Tampa-St. Petersburg-Clearwater area has the third-highest inflation rate at 7.3%.
  • The growing population in Florida has contributed to the increase in inflation, particularly through higher housing costs. The trend accelerated during the pandemic when remote work allowed people to relocate. Factors such as rising interest rates, limited housing stock, and expensive property insurance have also pushed up housing costs.
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